WTI crude prices surged over 6.5% as attacks in the Strait of Hormuz fueled severe supply disruption fears. Record reserve releases from the IEA and the US have failed to calm markets as geopolitical tensions continue to mount.

The US 10-year Treasury yield continues to climb, creating significant headwinds for equities and compressing market valuations. Investors remain cautious as rising borrowing costs threaten to spark further volatility in the S&P 500.

Equities found support despite rising geopolitical tensions in the Persian Gulf, while a stronger dollar weighed on gold and silver. Bitcoin (BTC) maintains the $70,000 level as investors brace for potential market disruptions.

Boaz Weinstein’s strategy of buying distressed assets highlights the need for disciplined position sizing. Investors can weather private credit volatility in names like Blackstone (BX) by buying pessimism instead of panic selling.